B Hiriyappa - Corporate Strategy Formulation and Implementation Process

Corporate Strategy Formulation and Implementation Process

B Hiriyappa

Corporate Strategy Formulation and Implementation Process

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Cover photo by Nic Martel, available under a Creative Commons license

Copyright 2012 B Hiriyappa

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CORPORATE STRATEGY FORMULATION

And

IMPLEMENTATION PROCESS

B.Hiriyappa

Contents of the Book

CHAPTER 1
CORPORATE STRATEGY

INTRODUCTION

Corporate strategy is the design framework of the firm growth and development.

Its main objectives is growth of the company in a particular direction, extent, pace and timing.

Corporate strategy involves the objectives design, implementation, control of objectives of firm which are helpful to growth of companys.

It determines the companys mission, vision and longterm development and growth of firms.

Corporate policy depends on its corporate strategy management will be made by strategist of company.

NATURE, SCOPE AND CONCERNS OF CORPORATE STRATEGY

Corporate strategy is basically concerned with the choice of businesses, products and markets of the companys. Nature, scope and concerns of corporate strategy as outlined below:

It can be involved and viewed with objectives designed framework strategy of the firm.

Strategy designed framework is filling the firms strategic planning gap.

Actually, it is concerned with the different choice of the firms products and markets. It generally involves the changes/ additions / deletions in the firms existing product market postures in businesses. It serves the customers needs and requirements and meets and serves the business requirement.

It able to ensure that the right fit to businesses and how to achieve between the firms and its business environment.

It helps and focuses to buildup the relevant competitive advantages for the firms in market.

Both corporate objectives and corporate strategy bring together and describe the firms business concepts.

WHAT DOES CORPORATE STRATEGY ENSURE IN FIRMS BUSINESSES

Corporate strategy first time ensure that the firms business growth and correct alignment of the firms and its environment .

It ready to serves and ensure that the design strategy which for filling the strategic gaps in business.

It helps and serves to buildup the firms relevant competitive advantages,

It primary strategy ensure that the masterminding and working out the right opportunity which fit between the firm and its external environment.

Corporate strategy purposefully firms weakness converts into strengths and threats converts into opportunities in this way ensure to firms businesses.

It ensures that responding the environment is part and parcel of a firms existence in market.

It ensure to arise a major question which is good and how to methodical to response to firms.